Patrice Motsepe was born to Kgosi Augustine Motsepe, chief of the Macau branch of the Tswana people, who had previously been a schoolteacher and who was later a small businessman as the owner of a Spaza shop which was popular with black mine workers. It was from this shop that Motsepe learned basic business principles from his father, as well as first-hand exposure to mining.
How many mines does Motsepe own?
Production is expanding at the Two Rivers platinum mine in Mpumalanga. ARM owns 20% of Harmony Gold, the 12th largest gold mining company in the world with three mining operations in South Africa. Patrice Motsepe is the executive chairman; Mike Schmidt is the CEO.
ARC has holdings in more than 40 companies, including TymeBank, industrial group Afrimat, agricultural company BKB, telecommunications company Rain, luxury property estate Val de Vie, and a minority stake in Alexander Forbes, the pension fund administrator.